Arkansas Financial Group Inc. Sells 4,615 Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Arkansas Financial Group Inc. lessened its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 1.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 437,607 shares of the company’s stock after selling 4,615 shares during the period. iShares 5-10 Year Investment Grade Corporate Bond ETF accounts for approximately 4.4% of Arkansas Financial Group Inc.’s portfolio, making the stock its 6th largest holding. Arkansas Financial Group Inc. owned approximately 0.19% of iShares 5-10 Year Investment Grade Corporate Bond ETF worth $22,130,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Allstate Investment Management Co. acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at $117,821,000. Allstate Corp raised its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 48.5% in the 1st quarter. Allstate Corp now owns 3,533,166 shares of the company’s stock valued at $181,181,000 after purchasing an additional 1,153,424 shares during the last quarter. One Capital Management LLC lifted its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 108.2% in the 1st quarter. One Capital Management LLC now owns 1,773,922 shares of the company’s stock valued at $90,967,000 after purchasing an additional 921,894 shares in the last quarter. Greenwood Gearhart Inc. boosted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 35.9% during the 1st quarter. Greenwood Gearhart Inc. now owns 1,045,495 shares of the company’s stock worth $53,613,000 after purchasing an additional 276,320 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 8.6% in the first quarter. US Bancorp DE now owns 3,475,702 shares of the company’s stock valued at $178,234,000 after buying an additional 274,739 shares during the last quarter. 81.40% of the stock is currently owned by institutional investors and hedge funds.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Down 0.2 %

IGIB stock traded down $0.10 during midday trading on Friday, hitting $49.40. The stock had a trading volume of 805,314 shares, compared to its average volume of 1,705,728. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12-month low of $46.81 and a 12-month high of $52.19. The company’s 50-day moving average price is $49.94 and its 200 day moving average price is $50.49.

iShares 5-10 Year Investment Grade Corporate Bond ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 8th. Investors of record on Tuesday, September 5th were given a dividend of $0.1634 per share. The ex-dividend date of this dividend was Friday, September 1st. This represents a $1.96 annualized dividend and a yield of 3.97%.

About iShares 5-10 Year Investment Grade Corporate Bond ETF

The iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) is an exchange-traded fund that is based on the ICE BofA US Corporate (5-10 Y) index. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate debt with maturities between 5-10 years. IGIB was launched on Jan 5, 2007 and is managed by BlackRock.